JPMorgan Opens New International Image Deposit Centers in Taipei and Bangkok

New Image Cash Letter Processing Centers Bring Total JPMorgan
Centers Outside U.S. to 14; Allows Financial Institution Clients to
Clear U.S. Dollar Cash Letters, Lower Check Transportation Costs
NEW YORK--(Business Wire)--
JPMorgan, a full-service provider of cash management, trade
finance, and treasury solutions, today announced the opening of two
new International Image Deposit Centers in Taipei and Bangkok,
bringing the total number of image centers to 14. The new centers will
extend JPMorgan's ability to allow its financial institution clients
to clear their U.S. dollar cash letters and lower check transportation
costs, all without changing their cash letter operations.

The Taipei and Bangkok International Image Deposit Centers join 12
other JPMorgan Centers outside the United States that allow financial
institutions to initiate their cash letter processing. JPMorgan
unveiled its inaugural International Image Deposit Center in
Frankfurt, Germany, in October 2005. The firm has continued to
establish imaging centers to make the processing of image cash letters
easier and more efficient for clients. Two more centers are scheduled
to open later this year in Pakistan and Jakarta. The firm continues to
explore other markets to establish image deposit centers as part of
its goal to grow its global offerings to clients.

JPMorgan was the first global treasury management services
provider to establish image deposit centers in local markets around
the world. The Taipei and Bangkok locations join centers located in
Bournemouth, Frankfurt, Hong Kong, Madrid, Milan, Mumbai, Paris,
Seoul, Shanghai, Singapore, Tokyo and Zurich.

"With the opening of these two new image deposit centers, JPMorgan
is extending the delivery of our clearing services to more local
markets, making it easier and more convenient for clients doing
business around the world to clear their U.S. dollar check items,"
explained Linda McLaughlin-Moore, regional product manager, JPMorgan
Treasury Services. "As a leader in image processing solutions,
JPMorgan continues to make good on its commitment to bring the
products and services that help our clients succeed in today's
increasingly competitive global marketplace."

The Taipei and Bangkok centers will further extend the ability for
financial institutions in Asia to streamline their check clearing
processes, alleviating worries over weather delays or loss due to
customs inspections.

In addition to the International Image Deposit Centers, JPMorgan
offers a suite of cash letter and check collection products to process
international payments:

-- International Cash Letter clears and settles U.S. dollar check
deposits, providing tracking features and SWIFT messaging
regarding funds availability

-- Secure Collections Service offers package tracking and fraud
review processes for secure check collections, crediting
clients' accounts on the scheduled settlement date; guarantees
against fraud on the front of checks

-- Multi-Currency Cash Letter clears and settles checks drawn on
international banks, posting within 24 hours of the receipt of
payment and providing notification via SWIFT, fax or email

For more information about JPMorgan's image deposit services and
solutions, please visit
http://www.jpmorganchase.com/info/pr/imagedepositcenters

About JPMorgan Treasury Services

The Treasury Services business of JPMorgan is a top-ranked,
full-service provider of innovative payment, collection, liquidity and
investment management, trade finance, commercial card and information
solutions to corporations, financial services institutions, middle
market companies, small businesses, governments and municipalities
worldwide. With more than 50,000 clients and a presence in 36
countries, JPMorgan Treasury Services is the world's largest provider
of treasury management services and a division of JPMorgan Chase Bank,
N.A., member FDIC. More information can be found at
www.jpmorgan.com/ts.

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial
services firm with assets of $1.8 trillion and operations in more than
60 countries. The firm is a leader in investment banking, financial
services for consumers, small business and commercial banking,
financial transaction processing, asset management, and private
equity. A component of the Dow Jones Industrial Average, JPMorgan
Chase serves millions of consumers in the United States and many of
the world's most prominent corporate, institutional and government
clients under its JPMorgan and Chase brands. Information about the
firm is available at www.jpmorganchase.com.

Media:
Aurora Johnson for JPMorgan, +1-626-359-0732 (office)
aurora@aurorajohnson.com
Karene Dufour Lo, +852-2800-1924 (office)
karene.c.dufourlo@jpmchase.com

Copyright Business Wire 2008